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And its not going lower = good time to jump in! Having a red portfolio is part of trading. You cant always be green.
They HAD 1.6 mill liabilities, from what the RS is saying its covered and they're 250k ahead..
That explains the 570k for 3800000 shares into zeng..
Nice Info Wiz.
Hopefully PSC will start promoting zeng after vgpr's run
PR next week, gotta be.
Wind power, electricity, and biofuels all will start playing bigger roles next 5-10 years. They can all be combined to lengthen a trip. You cant yet say biofuel is going out of business. Its hurt but not gone.
Speaking of wind and electric, anyone knows good pennys in those areas?? :p
Unless the 3,800,000 is a 38,000,000
Biofuel is valuable to USA. It will loosen tension in need for oil later.
maybe, maybe not..
Yes thats may 2009 statement i've seen it many times here. 2006 levels arent all that horrible.. oil is at those levels too btw.. Oil is cheap, therefore no worrying about biofuel for now... as soon as prices go up I wouldnt be surprised if Obama will make it a standard to add biofuel to fuel...
At the end of the RS it says:
3. Net Zenergy International Inc. income for the quarter out of operational activities
was a negative $36,224.37
4. Zenergy International Inc (ZENG) received $570,000 as a result of a direct investment from a Third Party Investor in exchange for 3,800,000 shares. Part of this cash infusion was used to pay open liabilities and this quarter expenses for a total of $318,711.63 and $250,852..65 remained as cash available to the business.
Im guessing that person didnt just threw in 570k on their table, zeng is worth .10+++++++
Hoping that the info is correct however***
??????
"Biofuels provided 1.8% of the world’s transport fuel in 2008. Investment into biofuels production capacity exceeded $4 billion worldwide in 2007 and is growing."
Wikipedia
Biofuel industry started falling with recession...
There's more to bankruptcy than 36k net income loss lol..
How is 250k ahead negative cash flow especially when their stock dropped much since august?
Thats what i said lol.. it was more than doubling until late 2008.. RECESSION
biofuel production have been more than doubling every year until late 2008 when everything fell, i dont understand your point..
financial sheet says its 250k ahead..
Yes, but only because oil was cheaper. Weak companies went out of biz. and others stayed and are recovering.
Its saying they have 250k cash flow per this period
What they're trying to do is find beat down biofuel companies and help them back on track, good timing to do that..
my bad, they didnt loose anything they made 250k...
Biofuel has government funding... They only lost 36k on that huge down swing you saw on stocks' graph, and recovering.. that shows companies strength not weakness..
Dans info has been a bit behind...
Monday morning!!
More likely for next week
I just dont think it was his fault that those companies went down. He was only a consultant there. There are many ways to kill a company + the recession. Lets just be careful however and see how they do this month.
They should be releasing pr pretty quick, if its not out by say this coming Wed., maybe someone should call then.
Nothing better to do than wait till pr
And what Luiten just gets away with all those scams, and keeps on rolling?
no buying ither..
Maybe its every 2 weeks?? Last ones were 10 days apart
If they said PR per week we should get one tmrw or fri.
Zeng just decided to take Luiten as CEO to scam people?
he wasnt the ceo of that company, just consultant
Still lots of speculation going on about zeng at the moment, company will start revealing it self more this month.
only 3mill volume all..
lamest week ever
He has tons of experience, I hope zeng didnt appoint him to jack our $$
Got any facts that states before recession this type of fuel was tanking..
Here are some for you from me:
http://biodieseloil.com/articles.html
http://www.biodiesel.org/pdf_files/fuelfactsheets/Myths_and_Facts.pdf
http://www.biodiesel.org/pdf_files/fuelfactsheets/backgrounder.PDF